It is obvious: anyone can predict what will happen
I have kept away from writing blogs during Brexit as my heart could not handle the increased blood pressure.
I think we are now going to leave the EU as we voted 3 years ago and re-confirmed a few months ago. The right thing for all the wrong reasons.
There has been a huge amount of media coverage of the pluses and minuses of leaving. None of them cover anything but the economic consequences. And nobody can predict those consequences. Look at all the economic predictions by the BoE, the IMF, the ECB and many ‘think tanks’. The ink is barely dry and they are revising them. Nobody knows.
I think that there will be a period of chaos and then with a lot of gainers an losers things will go to pretty much as they were before. There is enough concern about chlorine washed chicken and the like that we will erect all the mechanisms needed. Don’t panic.
I was sanguine about Brexit as I believed that there would not be an EU to leave soon enough. However I have often said that things go on for much longer than you ever think possible – there still is an EU.
The appointment of Christine Lagarde to president of the ECB is a confirmation to me that collapse is imminent.
Germany has been sucking the life out of other EU countries and then effectively supporting them. Not that efficient a process but one that has worked for some while.
Net contributions to the EU budget are headed by Germany. The UK is second and a distant second thanks to St Thatcher. Ignore Germany and the UK contributes more than all the other countries put together. Put Germany in and it does the same. (Poland and Hungary alone take nearly as much as German puts in.)
Some interesting things are happening. Eire is the smallest net contributor and is on the up. Brexit will see it go negative as the economy is strangled by the land border with the UK. Germany is heading into recession. Its GDP is shrinking. This means that some of the net takers will become contributors: Malta, Cyprus, Spain, Slovenia, Estonia, Croatia. Increased money will be needed from Finland, Denmark, Austria, Sweden: being the ones that will find it hardest. But the fourth biggest contributor is Italy which will be hard pressed to increase its contributions at all.
More importantly the EU budget will have to shrink as there will be a lot less money. A lot of EU funded projects will just stop.
It is much better to have the UK inside the tent p***ing out than v-v. You would think that now the UK is out the EU might want to avoid us p***ing in but it seems not.
All that adds up to the collapse of the EU.
It is obvious: anyone can predict what will happen – when is a little more tricky